WIG20 holds above 3,000

Warsaw’s Tuesday session closed with broad gains, driven by softer-than-expected US inflation data. The WIG20 rose 0.66% to remain above the 3,000-point mark, with turnover exceeding PLN 1.2 billion. The broader WIG index advanced 0.54% on turnover of over PLN 1.42 billion. July CPI and core CPI matched June’s levels, strengthening expectations for a US Fed rate cut in September. The probability of a 25-basis-point cut rose from 88.4% to 92.2%, boosting global risk appetite, weakening the dollar, and supporting the złoty. Most of the WIG20’s gains came immediately after the US data release. Analysts note the 3,000-point level now acts as a balance point between supply and demand, with further momentum likely dependent on moves in major markets like the S&P 500 and DAX. The GPW is expected to closely track global trends this week, ahead of key US macro releases and a US–Russia presidential meeting.